T. Rowe Price Ultra Short-Term Bond ETF
$49.77−0.03 (−0.06%)
- Expense ratio
- 0.17%
- Fund size
- $1.7B
- 1Y return
- +4.1%
- Yield · Last 12 months
- 4.39%
- Holdings
- 448
- Volume · 30D
- 0.3M sh
- NAV per share
- $49.76
- 52W range
The ETF.net TBUX Grade
Score 69 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.BScore 56Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 100Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 60Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 47Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 83Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 73Category rank
Our read on TBUX
BAn actively run cash-plus bond fund that reaches past T-bills into corporate and securitized credit, while the prospectus keeps average effective maturity on a 1.5-year leash. Costs 0.17% and pays monthly.
The fund seeks a high level of income consistent with low volatility of principal value. It invests in a diversified portfolio of shorter-term investment-grade corporate and government securities.
Why people hold it
- At 0.17%, it charges less than the typical ultrashort bond ETF, which matters in a corner of the market where the whole return comes from short-maturity yield.
- The active mandate roams investment-grade corporates, asset-backed paper, bank obligations and mortgage bonds rather than tracking one narrow slice of the short end.troweprice.com
- Prospectus holds dollar-weighted average effective maturity to 1.5 years or less, so rate sensitivity stays short even though an individual bond can run out to five years.troweprice.com
- Income lands monthly, and the fund has grown past the billion-dollar mark into one of the stronger builds in its ultrashort peer group.
Worth knowing
- Index-run rivals cost less: VUSB at 0.10%, SHV at 0.15%. The gap is what an active manager picking the paper costs you.
- Corporate and securitized holdings carry credit risk a Treasury-only fund skips. Everything is investment grade at purchase, but a later downgrade does not force a sale.troweprice.com
- Trading is moderate rather than heavy, so spreads can run wider than the category's busiest names when markets get choppy.
TBUX Holdings
- Bonds
- 448
- 13%
- TREASURY BILL 12/26 0.00000
Sectors
- Technology52.7%
- Communication15.2%
- Consumer Discr.14.3%
- Cons. Staples5.5%
- Health Care5.0%
- Industrials3.5%
- Materials1.3%
- Utilities1.2%
- Energy0.6%
- Financials0.5%
- Real Estate0.2%
Geography
- United States74.51%
- United Kingdom6.52%
- France4.99%
- Canada2.74%
- Spain1.69%
- Luxembourg1.33%
- South Korea1.10%
- Norway0.89%
- 6.23%
TBUX Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | TBUX |
|---|---|
| Year to date | +2.7% |
| 1 month | +0.1% |
| 3 months | +0.9% |
| 1 year | +4.1% |
| 3 years | +5.6% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | TBUX |
|---|---|---|
| 2026 YTD | +2.7% | |
| 2025 | +5.4% | |
| 2024 | +6.4% | |
| 2023 | +6.4% | |
| 2022 | −0.1% | |
| 2021 | −0.2% |
TBUX in the news
ETF.net Research hasn’t filed on TBUX yet — coverage lands here as it’s written.
TBUX Dividends
- 4.39%
- $2.18
- $0.17 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 26, 2026 | Aug 28, 2026 | $0.17 |
| Jul 28, 2026 | Jul 30, 2026 | $0.18 |
| Jun 25, 2026 | Jun 29, 2026 | $0.17 |
| May 26, 2026 | May 28, 2026 | $0.18 |
| Apr 27, 2026 | Apr 29, 2026 | $0.18 |
| Mar 26, 2026 | Mar 30, 2026 | $0.17 |
| Feb 24, 2026 | Feb 26, 2026 | $0.17 |
| Jan 27, 2026 | Jan 29, 2026 | $0.17 |
| Dec 23, 2025 | Dec 26, 2025 | $0.24 |
| Nov 24, 2025 | Nov 26, 2025 | $0.18 |
| Oct 28, 2025 | Oct 30, 2025 | $0.18 |
| Sep 25, 2025 | Sep 29, 2025 | $0.19 |
TBUX Risk
- 0.6%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 2.09
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −1.8%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.07
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
TBUX Cost
- The middle half of Cash & Ultra-Short Income funds
- Median 0.19%
30 of the 77 Cash & Ultra-Short Income funds charge less.